EURUSD - Weekly Strategy (12-16 Nov 2012)

Recommendation: SHORT positions below 1.2875 with 1.2630 & 1.2560 as next targets.Alternative scenario: The upside breakout of 1.2875 will open the way to 1.3020 & 1.3139Comment: the pair is under negative pressure , found dynamic resistance at 1.2875 , buyers may try challenge 1.2747 - 1.2875 levels, If seen intraday trader can watch the market anticipating rejection to short the pair, only a daily closing above 1.2875 will reverse risk to the upside....